ALBANY, N.Y.–(BUSINESS WIRE)–A new research study has been published by Transparency Market Research (TMR) based on the global market for media injectors, stating that the market had a value of US$630.1 million in 2013 and is projected to attain a total value of US$886.7 million by 2020, expanding at a CAGR of 5.0% during the period from 2014 to 2020.

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The report is titled “Contrast Media Injectors Market (Product Type: CT, MR, and Vascular Injectors; Application: Oncology, Cardiology, and Neurology) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” and discusses the various segments as well as growth drivers and challenges faced by the global media injectors market.

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According to the report, the continual rise in demand for imaging processes such as CT and MRI are resulting in the rising demand from the contrast media injectors market. However, the high cost associated with contrast media injectors and adverse reactions due to contrast media are expected to restrict the growth of this market during the forecast period.

Press Release:

The global market for contrast media injectors is analyzed on the basis of types, applications, and the geographical distribution of this market in the report. The CT injectors market is the fastest growing segment in the contrast media injectors market based on the types, whereas the markets for cardiology, neurology, oncology, and others are the main segments of the global contrast media injectors market based on application.

Based on geography, the markets in Europe and North America led the market, jointly holding over 60% of the global contrast media injectors market. The market in Asia Pacific is likely to experience significant growth and occupy around 25% of the overall market by 2020, according to the report.

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About TMR

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Source: Business Wire Health